Well, the wife and I went to a local Honda dealership the other day to look at the new CR-V's because she wanted a family suv. I decided to trade my TB EVO IX MR SE in and keep the STi because it's paid-off. Also I had thought that we would get more for the EVO and therefore owe less on the new car seeing how the EVO blue booked for about $32K. Ehhh- WRONG.
That chithead of a used car manager offered me $20,000 for my EVO w/9002 miles! I had only bought it back in September for roughly $41k out the door (total came out to $26XXX w/my paid-off trade) and it is in pretty immaculate shape with a few tiny rock chips on the hood. That would mean that they would be tacking on negative equity of about $4000 on top of the price of the CR-V. His reasoning was that it's a Mitsubishi and that their resale values are not so great. Well, I told him to go fucc himself for trying to screw me over and I left happy knowing that I would get to keep my EVO.
The wife could care less because she loves the EVO as well and has decided to wait until next year to purchase an SUV (not from that stealership) w/o a trade.
I know that evo owners are probably going to be pretty upset with this, but this is (hopefully) just an isolated event. I honestly don't care how the resale value is on it. I'm keeping this baby. Goodbye and thanks for reading.

 

The resale value on the evo is accually really good, that guy is an idiot, but thats what happends when you trade cars. If you sold it you could get at least 27 im sure.

 

Its not the resale that's the problem, it's the trade-in. These cars maintain there value like no other Mitsubishi ever. Dealers just lowball the hell out of you because they can. They would give you 20k for it and put it back on the lot for 31k or more. Thats how they work.

 

i never do trade in for this reason. i always do private sale on. dealers will never give you what you want.

 

Whoa...that's messed up man. That means he'd probably give me $5k for my Evo..lol. He is a moron. Have you considered selling the STi to help pay off your Evo, then buy new CR-V? Either way, go to another dealer. GL.

 

Don't feel bad. Nissan offered me i think it was like 12K or 15K for my 04 with 34K miles on it

 

you should take it to carmax and see whatthey have to say... i heard they always offer you the most out of the car, specially in comparation to a dealer

 

Oh yeah- almost forgot about carmax. Last time I took my STi in they offered me exactly blue book for it going off of trade-in value.
And as for selling the STi- we both work so we really need two cars especially since we have a 3 month old baby now.
I don't mind that the deal didn't go through. I REALLY didn't want to get rid of it anyways.

 

Guy at the dealer is a moron, but congrats on keeping the Evo!

 

Man it would have been hard not to laugh in the dealers face. The sad part is he probably thought he was giving you an awesome deal.

 

WOW... you did the right thing to tell the manager to f* off. That is rediculous price.

On another note, you should try to trade the STI since it's already paid, you'll have a positive equity (not much) but it's a positive one compare to your upside down loan on the evo.

Good luck.

 

Problem with trade-in is if you get them on a low price on the car you will be buying from them they will low ball you on your trade-in. Or vice versa, they will give you a high price for car your buying but give you a great trade-in. They always win

 

But I thought all HOnda sales people were honest and friendly.......at least according to their commercial. Yes, I hate their commercials!

 

Ouch. I traded my VIII in for a IX last sept I had 40k miles and they gave me $22k for the trade in

 

Only time to trade in is when your purchase price and selling price vary by 1 to 2K AND you are planning to buy a new car. In some states, you pay tax only on the difference of price. So, you will get a tax break and on a 30K car, thats quite a bit! Hope I am making sense!